Because There Are Positive Externalities from Higher Education

question 4

Multiple Choice

Because there are positive externalities from higher education,

• A) private markets would provide too little of it.
• B) private markets would provide too much of it.
• C) the government should impose a tax on university students.
• D) the government should impose a tax on students' families.

---

Definitions:

Engineering Assistance

Support provided by engineering professionals to improve product design, production processes, or infrastructure development.

Quality Control

The set of measures and procedures put in place to ensure that products meet predetermined quality standards and are free from defects.

Strategic Sourcing

The systematic and fact-based approach for optimizing an organization's supply base and improving the overall value proposition.

Procurement

The process of finding, acquiring, and buying goods, services, or works from an external source.